GVP Infotech Limited issues First and Final Call Money Notice for Rights Issue
GVP Infotech Limited filed a newspaper advertisement with the NSE regarding the First and Final Call Money Notice for its rights issue. This notice signals the final stage of rights subscription and sets the deadline for shareholders to remit call money. The company had previously disclosed the rights offer via exchange filings and prospectus circulation. First call notices typically provide a 10–14 day window and are followed by allotment and refund mechanics under the listing agreement and SEBI guidelines.
Why it mattersRights issue call money notices mark the final subscription window and capital deployment trigger; counsel must ensure compliance with SEBI DIP Regulations 2018 (particularly shareholder communication, allotment procedures, and timeline disclosures), scrutinise listing agreement obligations, and verify adherence to the prospectus's terms regarding payment modalities and allotment settlement.
SectorTechnology
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Sources
- NSE Corporate Archives – GVP Infotech Limited · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- SEBI public issues / DRHPs · official
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